Hung-Che Wu, Tsung-Pao Wu, Shu-Bing Liu, Chien-Ming Wang, Yi Zheng, Shaodian Chu, Ananda Sabil Hussein
This study employs an innovative multimodal approach, integrating Granger causality analysis with wavelet decomposition, to explore the intricate relationship between China’s tourism sector and its economic development spanning from 1995 to 2022. The primary aim is to uncover the causal dynamics between the advancement of tourism and the expansion of the economy across various temporal scopes and dimensions. Through rigorous panel bootstrap causality examinations and meticulous assessments for cross-sectional dependence and slope homogeneity, this research underscores a dynamic and symbiotic connection between China’s economic progress and the growth of its tourism industry, particularly emphasising the enduring significance of this relationship over the short-run, mid-run, and long-run. © 2024 Informa UK Limited, trading as Taylor & Francis Group.
Business School, Nanfang College Guangzhou, Guangzhou, China; Department of Management, Faculty of Economics and Business, Universitas Brawijaya, Malang, Indonesia; School of Accounting and Finance, Beijing Institute of Technology, Zhuhai, Zhuhai, China; Department of Insurance and Finance, National Taichung University of Science and Technology, Taichung, Taiwan; Department of International Business, Ming Chuan University, Taipei, Taiwan; International College, Beijing Institute of Technology, Zhuhai, Zhuhai, China; School of Management, Ocean University of China, Qingdao, China; Department of Management, Faculty of Economics and Business, Universitas Brawijaya, Malang, Indonesia
